Taipei, Taiwan, April 29, 2016 – Delta
Electronics announced today that its wholly owned subsidiary, Delta
Electronics (Netherlands) B.V. (DEN), has entered into a definitive
agreement to acquire Delta Controls Inc.
(Delta Controls), a leader in building automation, at a price of 220
million Canadian Dollars. This transaction is expected to be completed
by the end of May, 2016.

“Building automation is growing rapidly and has high potential, and it
is also synced with Delta Electronics’ core competencies and corporate
mission for environmental protection. It is expected to play an
important role in Delta Electronics’ future growth. Delta Controls is a
leader in BACnet building automation systems with more than 30 years of
experience in the global building automation markets, proving advanced
HVAC solutions for markets. Delta Electronics looks forward to
enhancing its development and global presence in building automation
through this transaction,” said Yancey Hai, Chairman of Delta
Electronics.

Delta Electronics has made great strides in developing building
automation solutions in recent years. Its current portfolio includes
automation solutions for HVAC systems, lighting, elevator systems,
energy management and access control systems. Delta Electronics’
building automation systems are capable of improving building
performance and operational efficiency. Delta Controls’ products, based
on the BACnet open protocol, can improve building operating performance
to meet building requirements in energy and facilities management,
HVAC, lighting and access control. Delta Controls’ global market reach
includes a strong presence in North America. Combined with Delta
Electronics’ sales offices in Asia, particularly China, synergies are
expected to develop from integrating core competencies and sales
channels. Delta Electronics projects that these synergies will enhance
its capabilities in the global building automation marketplace.